Chapter Overview: Ready to Learn?
Corporations do 90 percent of all business in the United States. A corporation is a body formed and authorized by law to act as a single person, distinct from its members or owners. A corporation cannot come into existence by itself—people must take the necessary steps to bring it into legal existence. Shares of stock represent a shareholder’s interest in a corporation. When the shareholders purchase stock, they purchase part of the corporation. As you study this chapter, you will begin to understand the nature of a corporation and be able to compare it to the sole proprietorship or partnership associations.

Legal Web Links: Need to Know More?
Surf the Internet for legal Web links.

http://www.nyse.com/
The Web site for the New York Stock Exchange.

Real Cases: Did You Get It?
Apply the chapter material to real cases.

Self-Check Quizzes:Test Tomorrow?
Test your knowledge of chapter material with a self-check quiz.

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